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Report, December 31, 1948

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UNITED STATES RADIUM CORPORATION Statement of Income and Earned Surplus FOR THE YEAR ENDED DECEMBER 31, 1948 WITH COMPARATIVE FIGURES FOR THE YEAR 1947 YEAR ENDED DECEMBER 31 1948 1947 Gross Profit $ 295,084 $ 380,438 Selling, Administrative and General Expenses 218,131 192,793 Net Operating Profit 76,953 187,645 Other Charges (Income) - net 13,003 (9,862) Net Profit before Federal Income Taxes 63,950 197,507 Provision for Federal Income Taxes: Current year (Note 3) 34,000 72,000 Adjustment of prior year's tax and accrued interest thereon - 5,130 34,000 77,130 Net Profit for Year (Note 3) 29,950 120,377 Add: Earned Surplus at beginning of year 330,687 206,939 Provision for contingencies provided in prior years no longer required - 45,000 330,687 251,939 360,637 372,316 Deduct Cash Dividends Paid: On Cumulative First Preferred Stock - $7 per share 6,097 6,097 On Common Stock - 30é and 60c per share, respectively 17,766 35,532 23,863 41,629 Earned Surplus at end of year $ 336,774 $ 330,687

Page data

Page
6
Source index
0
Type
photo
Media ID
80d0000c3d3883a4
Size
unknown

Document data

ID
75730513
Core
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Type
document
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Context sent to Scholar

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Page context 
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    "ocrText": "UNITED STATES RADIUM CORPORATION\nStatement of Income\nand Earned Surplus\nFOR THE YEAR ENDED DECEMBER 31, 1948\nWITH COMPARATIVE FIGURES FOR THE YEAR 1947\nYEAR ENDED\nDECEMBER 31\n1948\n1947\nGross Profit\n$ 295,084\n$ 380,438\nSelling, Administrative and General Expenses\n218,131\n192,793\nNet Operating Profit\n76,953\n187,645\nOther Charges (Income) - net\n13,003\n(9,862)\nNet Profit before Federal Income Taxes\n63,950\n197,507\nProvision for Federal Income Taxes:\nCurrent year (Note 3)\n34,000\n72,000\nAdjustment of prior year's tax and accrued interest thereon\n-\n5,130\n34,000\n77,130\nNet Profit for Year (Note 3)\n29,950\n120,377\nAdd:\nEarned Surplus at beginning of year\n330,687\n206,939\nProvision for contingencies provided in prior years no\nlonger required\n-\n45,000\n330,687\n251,939\n360,637\n372,316\nDeduct Cash Dividends Paid:\nOn Cumulative First Preferred Stock - $7 per share\n6,097\n6,097\nOn Common Stock - 30é and 60c per share, respectively\n17,766\n35,532\n23,863\n41,629\nEarned Surplus at end of year\n$ 336,774\n$ 330,687"
}